AACF, Inc.'s Story
Aid for Autistic Children Foundation, Inc.™ was founded by musician and author Michael Buckholtz, who is diagnosed with high-functioning Asperger's Syndrome and OCD. He and his family experienced the financial disaster of coping with autism. In 1992
the family agreed, through much investigation, that Michael, his brothers and father, all had varying levels of autism. It wasn't until Michael's nephew was recently diagnosed with Asperger's Syndrome that he decided to create a non-profit dedicated to assisting families financially. Michael Buckholtz' desire to ensure that poor families and individuals coping with autism get a level playing field financially, comes largely because of seeing his own family struggle to make ends meet. He knew that other families were experiencing the same thing. Together with his family and close friends, Michael founded AACF, Inc.
AACF Corporate Documentation, click here.
- Clients will have their debt evaluated through a detailed application process as well as advice from an independent non-profit consumer credit counseling and financial restructuring organization, working along with AACF, Inc
.This assessment determines your debt forgiveness
Applicable Debt Solution
- No money will exchange hands. AACF, Inc.
will negotiate the client's assessed reduction or deletion of debt directly with the creditors and settle them by means of the "Debt Forgiveness"
"Kitchen Table" Economics 101
- AACF, Inc.
will provide fundamental financial advice to our newly debt free clients. This will include, but not be limited to, checkbook balancing, bill paying, Online banking tips, budgeting food, clothing expenses, auto maintenance, ATM usage, credit card management, keeping good financial records and basic tax concerns.
The Maximum "Debt Forgiveness"
- AACF, Inc.
evaluated all current finance studies and data related to families raising autistic children and autistic adults coping with the financial cost of private therapies and education. From this, the calculated maximum limit
for forgiveness is $150,000
dollars U.S. per client. The actual
amount of forgiveness for each client will be determined on a case by case
basis during the Application Assessment
process, but, the promised maximum will always be in the trust.
Example: If your total debt assessment is $25,000 dollars, your maximum debt forgiveness is $25,000 dollars.
To download our debt forgiveness application (PDF), click here.
The qualifying criteria for this program can vary depending on one's personal circumstances. In light of the many financial complexities associated with arranging one's life to raise an autistic loved one, or an autistic adult who finds themselves in financial hardship, we've created an application that asks all the pertinent questions. Broadly, the key criteria is simple:
You must be above the National Debt-to-Income Ratio percentage for housing expense and above the overall Debt-to-Income Ratio percentage for maximum allowable debt. This method will help struggling families with moderate incomes.
You must still have a steady stream of income.
What We "Don't Do”
We do not print out checks or give cash
directly to individuals for past due utility bills or unforeseen emergencies. There are many city, county and state government programs, along with Easter Seals
and The Salvation Army
, that assist families with clothes, food, toys, a job, past due utility bills and even a vehicle. We do not pay for or endorse
any therapies, medical care or specialized private education programs. AACF, Inc.’s mission is to provide financial relief designed to target debt a family has already
incurred – debt directly (or indirectly) generated as a result of medical, educational, therapeutic and other ancillary expenses borne by a family caring for a child with ASD. Simply, this is a drastic form of debt consolidation, leading to a determination of debt reduction or forgiveness, literally giving the family or individual a 'second chance' financially.